It is armageddon, moments ago the president told fox friends, he would not name his nomination to the court until after the services for Justice Ginsburg are completed, he said he would announce friday or saturday. He said he would move quickly, he said time for a vote before the election. Now look at this, a wall street selloff, major leagues, all kinds of problems for investors, election chaos seems to be a certainty that could even be a constitutional crisis of the Supreme Court has to decide the election and there are only eight sitting justices, there could be a tie. A second wave of virus infections has hit europe, especially britain, there are worries and comes here. China holding military maneuvers as a u. S. Envoy heads to taiwan. Grandpa got up and look what you got. The dow will be down 500, maybe 600 points at the opening bell, the s p 53 points lower in the nasdaq down 170, that is a selloff, in a moment you will hear more from the president because later on today he is heading to a rally in ohio. You will hear from senator schumer, the republicans say he would pack the senate with new reliably democratic members from puerto rico and the district of columbia. We will also be counting the vote, who are the wavering republicans. What a day, what a year, Varney Company is about to begin to jam this nomination through the senate is just an exercise in raw political power. If i win this election, President Trump nominee should be withdrawn. As a new president , i should be the one to nominate Justice Ginsburgs assessor. Im looking, were going to make a decision on either friday or saturday, i will announce it either friday or saturday. We are looking for somebody who is brilliant and really understands the law and abides by the constitution. And a good person, were looking for a good person, person who is really been somebody that has a very, very high moral values. Stuart got it, joe biden the president and the markets are still way way down, keith is with us, market watcher with us today. This is a selloff in my opinion based largely on election chaos, when does the selling stop . I tell you what, i wish i knew, this is very unsettling to me, ive seen a lot in the nearly 40 years ive been involved in the stock market one way or the other and this one coming in today is very, very disturbing to me on a lot of levels. Stuart theres a number of problems, not just election chaos but the big banks hit with Money Laundering, not quite charges but suggestions, the wall street journal, the second wave is a possible threat to the United States, i take it you no longer forecasting new highs for the dow, the s p or the nasdaq. Heres the thing, the new highs are going to stick but its what we got to go through before we get there that concerns me, traders i was talking to before i came on today are very concerned around the world, everybody wants to take their foot off the gas, myself included, i think the selloff could be worse than the covid situation if we dont get all the headlines under control. Stuart are you selling this morning and advising your clients get out now what you c can. Will tell you what i going to do in my own money, fidelity a big coming in the next hour or so after the open, then i am possibly going to go to the sidelines myself. Stuart when you say go to the sidelines, interpret that, that means you would be selling you would go to cash, would you sell hightech. That is how severe this is, as much of a fan of hightech as i am, i want to buy lower every chance i get but im not sure i want to step in front of a moving train or try to catch a falling knife, theres no rush when sentiment rules on the market like it is today. Stuart let me put it like this, you are extremely cautious as we speak. More cautious than i have been in a long time. Stuart keith, we will leave it at that Keith Fitzgerald thanks for joining us. The president moments ago talking about the vaccine, roll the tape please. I would say that you will have it long before the end of the year, maybe by the end of october if pfizer is doing very well, Johnson Johnson has an incredible vaccine that has been well, they will probably be a little bit later in my internet is doing very well also in oxford on the other side, we are very much involved with out as well. Stuart the president remains very optimistic on the timing of the vaccine, lets get more on the whole covid situation here is doctor marc siegel i want to talk to about the second wave which is hit europe, britain in particular, is a second wave going to hit us . We dont know, i dont like the terminology second wave that implies to the 1918 spanish flu where there was a mutation in the virus and this virus has been very stable, its more about an extension of the first wave and with cold weather and low humidity and people gathering closer together indoors, theres more opportunities for the virus to spread so we have to see more vigilance. But it is not a foregoing conclusion for careful then we will get it. Stuart any uptake in cases will be considered a second wave . Yeah, thats part of the history of the situation, over the last several months since july weve seen a decrease in the number of hospitalizations in the United States and a decrease in the percentage that are testing positive, things have actually gone down but the number of new cases whenever they go up there is a big fanfare of response and it hits the markets. The much more important number for physicians is how many people are hospitalized and how many people get better. Stuart im not asking you to guess or speculate but the chances of a spike in infections, do they go up because of the cold weather is now upon us, is the weather one of the factors in this situati situation . Yes it is because its a respiratory virus, it travels farther and cold weather and low humidity, those are factors in again with people huddled close together, it is more of a risk and it means more vigilance. , absolutely. Stuart in london the mayor is considering more restrictions, reimposing restrictions, do you think if we got an uptick in cases here that we should reimpose some restrictions. No, the cost are tremendous, these restrictions and lockdowns, just now a study came out a Boston University that showed 27 of americans are depressed, usually its eight, three times as much depression in the United States right now as a year ago, job losses you talk about constantly, 19 million jobs lost during the pandemic, this is an enormous cost, it has to be considered in the lockdowns are marginal val value, what works is stopping travel to areas that dont have it, that works and physical distancing works and masks work but the idea of severe lockdown only hurts the economy in our physical mental health. Stuart doc siegel, thank you for joining us this morning an important subject. The latest on the tiktok and we chat situation susan is with us looks like they will not be banned. Susan a federal judge ruled against the ban on free speech except in the argument as the only form of communication for chinese speaking, chineseamericans, 19 million use we chat in america, this is only preliminary, we have no word from the administration of the follow through on plans to be in it in the office at stores and cut off payment. Stuart that as we chat, lets deal with tiktok they have a deal in the president has blessed the deal. Susan if you heard from President Trump on fox friends giving his blessings but only they can guarantee that the data is secure, this involves oracle, walmart to get a 20 ownership in tiktok they value at 60 billion and they will ipo in a years time, roughly they say they want 25000 jobs here in the u. S. Which means 5 billion into the treasury in the form of taxes in texas as a front runner for the new headquarters and President Trump also want to fight billion dollar Education Fund but that depends on the Company Finally got through. Stuart the whole thing depends upon the data not being under the control and the possession of beijing. Susan correct, or call if you see the performance in a down market because they say they will guarantee as an exclusive cloud partner, they see where the data goes in and out. Stuart lets get details on test was competitor rival nikola, lauren simonetti, the stock down 27 , founder Trevor Knowlton is stepping down. Lauren with a shock announcement, the founder and the executive chairman is out, look at the stock milton shock resignation comes after obligation of the short seller hinder big research that nikola is a fraud, that led to a reported sec department investigation, you have to think of Trevor Milton kinda like elon musk of tesla, they have the cult following, milton being out is a big shock to his crowd of believers. It puts General Motors 2 billion taken nikola at risk even though gm said as of now they are not pulling out of making nikola Badger Hydrogen pickup. Either way the gm investment gave nikola street cried, its up 230 this year but this quarter under all of the pressure is down about 50 . Stuart thank you lauren, i wonder if the nikola situation is having any impact on the overall market, a grave disappointment for sure, look at going down, that was up 600, nasdaq down 176 pregod is a selloff on a monday morning, we have a big show jampacked all the way through, congressman is with us, the next revolution host steve hilton, fox nation tammy lauren and hhs secretary alex azar to round it all out, then we have Speaker Pelosi, he is not ruling out impeachment as an option to store President Trumps Supreme Court pick, impeachment, hold on what do you think judge Jeanine Pirro will have to say about that, you will find out after this. Still your best friend. And now your copilot. Still a father. But now a friend. Still an electric car. Just more electrifying. Still a night out. But everything fits in. Still hard work. Just a little easier. Still a legend. Just more legendary. Chevrolet. Making lifes journey, just better. Theres an art to listening. Its the ability to hear more than whats being said. To understand the meaning in every pause. And to be able to offer the answers that make someone feel truly heard. I understand, lets get started. Thats what you get when you talk to a Dell Technologies advisor. Stuart it is a selloff anyway you slice it down 500 on the dow 150 on the nasdaq, the Supreme Court battle, that is part of the markets problem this monday morning, look who is here, the author of the new book, dont lie to me, available today, judge Jeanine Pirro, what do you make of Speaker Pelosis threat of impeachment. I think its consistent with the raw political power grab that she makes every step of the way, americans should be disgusted with the fact that for the last three and half years, the democrats under nancy pelosi have tried to do anything to stop President Trump from delivering the American People but now she is threatening impeachment that the president goes forward with the nomination of a candidate or the nominee for the Supreme Court, i got the constitution right here and it says the president has the right to nominate to the highest court, the bottom line is the president doesnt stop because nancy pelosi thinks that we should wait, by the way the American People dont elect the Supreme Court justice, the president nominate once the president is elected, thats one of the reasons the American People voted for donald trump and his promise has constructional list and originalist and recognize the constitution for what it is, not something that they can expand in the history of those on the left, in addition, the threat to impeach bill barr is even more bizarre. Stuart to even pack the court is bizarre as well. You know this, theres two names emerging from the list of possible Supreme Court pics by the president , Amy Coney Barrett, clerk for the late justice cilia barbara lagoa, both are women but the democrats are going to oppose them vigorously despite that, they will oppose anybody the president suggest. Yes, whatever woman, the president has said he has a list of five that he will select that nominee friday or saturday after the funeral of Justice Ginsburg which is out of respect to her but whether its Amy Coney Barrett or anyone of the number of women, there is young woman named alice rushing who is very impressive also, the president is looking for 70 has the ability to sit on the court for decades and that is why it is so important in this game, i think Amy Coney Barrett has already proven shes got the metal to go through this process which will be the worst we have ever seen because she went back at senator Diane Feinstein who said referencing her catholic faith lives loudly within her and said feinstein everyones dog whether political or religious lives loudly within them. I think that the nominee will be someone that the president is not just and pressed, he said theyre all brilliant but somebody who can withstand what is coming at them. Stuart judge jeanine, thank you very much joining us, we always appreciate your input. Judge Jeanine Pirro. Im looking for that book two. Coming up on 920 the new york exchanges holding a moment of silence to honor Ruth Bader Ginsburg. [silence] [silence] [silence] stuart that was one minute of silence on the New York Stock Exchange for the late Ruth Bader Ginsburg. Trading begins very shortly and its going to be a selloff, right now we are down 500 for the dow, 160 for the nasdaq, we have election chaos to worry about, the possibility of a second wave, big banks are in trouble for alleged Money Laundering, loads of problems for investors this morning, we take you to wall street, the opening bell after this. This is the feeling of total protection now that we protect your identity, mobile phone, auto, home and life youve never been in better hands allstate click or call for a quote today im a delivery Operations Manager in san diego, california. Weve had a ton of obstacles in finding ways to be more sustainable for a big company. We were one of the first stations to pilot a fleet of zero emissions electric vehicles. The amazon vans have a decal that says, shipment zero. Were striving to deliver a package with zero emissions in to the air. I feel really proud of the impact that has on the environment. But were always striving to be better. I love being outdoors, running in nature. We have two daughters. I want to do everything i can to protect the environment to make sure they see the same beauty ive seen in nature. My goal is to lead projects that affect the world. I know that to be great requires hard work. My goal is to lead projects keeping your oysters growing while keeping your business growing has you swamped. you need to hire i need indeed indeed you do. The moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base so you can start hiring right away. Claim your seventyfivedollar credit when you post your first job at indeed. Com promo stuart plenty of red ink, big time selloff at the opening bell, ash first of all what are you looking at. Ashley i got up this morning and looked at europe and were seen exactly whats happening there happening here, you have the chinese tension with the u. S. And china beijing with washington allegedly meddling with taiwan, this report of banks, International Banks accused of Money Laundering and letting it happen, the big issue is the fight over the vacancy of the u. S. Supreme court, what does that do to a stimulus bill, does not get pushed to the side, the bottom line following whats going on in the uk, this has people nervous, the number of cases of coronavirus in the uk is doubling every seven days, that continues it would be a rate of 50000 new cases by midoctober every day, the government and the uk already shutting down some areas which is very worried and parts of the country and wales as well, literally locked down again, that is put the jitters through people because theyre concerned that could happen in the u. S. Stuart you are right, lauren what do you have. Lauren one week out from the first president ial debate, all the talk like ashley said is awkward to be fiscal stimulus, how to get us out of the coronavirus mass but its going to be who will be the replacement Ruth Bader Ginsburg if you thought before all of this the election would not be decided until january, you are correct, yet the mailin voting, if the Supreme Court has to decide the election and you have eight justices in the swing justice, robert sides with the liberals, it is a tie, who is going to be the next president of the United States. Stuart that is election chaos. Susan Goldman Sachs putting out a note over the weekend say in abiding when would be bad for the u. S. Seller in a weak u. S. Seller would be a weakening u. S. Economy and ba